- Strategic Acquisition Enhances Delen Private Bank’s Asset Management in the Netherlands
- Delen Private Bank Acquires Box Consultants, Bolstering its Dutch Market Position
Eindhoven, The Netherlands – In a significant move to expand its foothold in the Dutch private banking and asset management sector, Delen Private Bank Tuesday closed the acquisition of 100% of the shares of Box Consultants. Since its establishment in 1976, Box Consultants has evolved from a multi-client family office to a prominent independent wealth management firm in the Eindhoven region, Waalre.
Ambitious Strategy
This acquisition is a key element of Delen Private Bank’s ambitious growth strategy in the Netherlands. Aiming to amplify its presence in the Dutch market, the bank seeks to significantly boost its asset management and private banking services. With the incorporation of Box Consultants, Delen Private Bank Nederland is set to more than double its assets under management, marking a milestone in its expansion journey.
Box Consultants acquisition
Since Delen Private Bank’s entry into the Dutch market in 2016, with the acquisition of Oyens & Van Eeghen, the bank has been on an assertive growth trajectory.
The following years witnessed a series of strategic acquisitions, including Nobel Vermogensbeheer in 2019, Groenstate Vermogensbeheer in 2023, and Puur Beleggen earlier this year.
Groenstate
Groenstate Vermogensbeheer was a Dutch asset management firm founded in 1999, based in Hengelo, Netherlands. It specialized in providing personalized wealth management services to private individuals, businesses, and institutions. Groenstate was known for its tailored approach, offering customized investment portfolios based on the specific goals, risk tolerance, and investment horizons of its clients.
Puur Beleggen
Puur Beleggen is a Dutch wealth management firm that offers independent and personalized investment management services. The firm is known for its transparency and focuses on long-term capital growth for its clients. Puur Beleggen tailors its investment strategies to meet the specific financial goals and risk preferences of individual clients and entrepreneurs.
The firm emphasizes a personal and independent approach, distinguishing itself from larger banks by offering customized portfolios designed to suit the unique needs of its clients. Puur Beleggen caters to clients with a minimum investment of €200,000, providing services that include wealth management, financial planning, and investment advisory.
Summary
The latest addition of Box Consultants signifies the fifth acquisition in the Netherlands over the past eight years, underscoring Delen Private Bank’s commitment to consolidating its market position.